Pre-Funding Account. (a) No later than the Closing Date, the Trustee will establish and maintain the Pre-Funding Account pursuant to the Pooling and Servicing Agreement. On the Closing Date, the Seller will deposit in the Pre-Funding Account the Original Pre-Funded Amount from the net proceeds of the sale of the Offered Certificates.
Appears in 8 contracts
Samples: Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp), Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Trust, Series 2005-4), Mortgage Loan Purchase Agreement (NovaStar Mortgage Funding Trust, Series 2004-3)
Pre-Funding Account. (a) No later than the Closing Date, the Trustee will establish and maintain the Pre-Funding Account pursuant to the Pooling and Servicing Agreement. On the Closing Date, the Seller will deposit in the Pre-Funding Account the Original Pre-Funded Amount from the net proceeds of the sale of the Offered Underwritten Certificates.
Appears in 5 contracts
Samples: Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Trust Series 2004-1), Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Trust Series 2004-2), Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp Home Eq Ln as Bk Ce Se 03 2)
Pre-Funding Account. (a) No later than the Closing Date, the Trustee will establish and maintain the Pre-Funding Account pursuant to the Pooling and Servicing Agreement. On the Closing Date, the Seller Sponsor will deposit in the Pre-Funding Account the Original Pre-Funded Amount from the net proceeds of the sale of the Offered Certificates.
Appears in 4 contracts
Samples: Mortgage Loan Purchase Agreement (NovaStar Certificates Financing CORP), Purchase Agreement (NovaStar Certificates Financing CORP), Mortgage Loan Purchase Agreement (NovaStar Certificates Financing CORP)
Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee will shall establish and maintain pursuant to the Indenture, the Pre-Funding Account pursuant to the Pooling and Servicing AgreementAccount. On the Closing Date, the Seller Sellers will deposit in the Pre-Funding Account the Original Pre-Funded Amount from the net proceeds of the sale of the Offered CertificatesNotes.
Appears in 2 contracts
Samples: Receivables Transfer Agreement (First Sierra Receivables Iii Inc), Receivables Transfer Agreement (First Sierra Receivables Iii Inc)
Pre-Funding Account. (a) No later than the Closing Date, the Trustee Certificate Administrator will establish and maintain maintain, on behalf of the Pre-Funding Account Trustee, pursuant to the Pooling and Servicing AgreementAgreement the Pre-Funding Account. On the Closing Date, the Seller Trustee will deposit in the Pre-Funding Account the Original Pre-Funded Amount from the net proceeds of the sale of the Offered Underwritten Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Residential Asset Funding Corp), Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp)
Pre-Funding Account. (a) No later than the Closing Date, the Trustee Certificate Administrator will establish and maintain maintain, on behalf of the Pre-Funding Account Trustee, pursuant to the Pooling and Servicing AgreementAgreement the Pre-Funding Account. On the Closing Date, the Seller will deposit in the Pre-Funding Account the Original Pre-Funded Funding Amount from the net proceeds of the sale of the Offered Underwritten Certificates.
Appears in 2 contracts
Samples: Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Trust Series 2002-1), Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp Trust Series 2002-3)
Pre-Funding Account. (a) No later than the Closing Date, the Trustee will establish and maintain the Pre-Funding Account pursuant to the Pooling and Servicing Agreement. On the Closing Date, the Seller will deposit in the Pre-Funding Account the Original Pre-Funded Funding Amount from the net proceeds of the sale of the Offered Underwritten Certificates.
Appears in 1 contract
Samples: Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp Home Eq Ln as Bk Ce Se 03 1)
